Gapped up on open again today and just recently filled
again. I like how they are filling the gaps straight away
so they don't have to return at a later date to do so.
Not saying that all gaps have to be filled but seems to be
the norm for WHE.
Given the normal Friday sell off with profit taking, I
would like to see a strong close from WHE today to help
confirm recent activity.
These guys have some nice projects going that once brought
into production should see some serious upside IMO. With
the spot price of Uranium looking like entering a new bull
run, the Mecsek Hills Uranium deposit should also help the
the SP out some.
From their website:
Wildhorse is currently developing two substantial UCG projects in Hungary:
The Mecsek Hills Gas (UCG) Project, which has a current
Exploration Target of between 1-1.25 billion tonnes of
coal at 18.8GJ/t to 29.3GJ/t1 located in a historical coal
mining district in southern Hungary. The Izabela UCG
Project, a 47.5 km2 coal deposit (containing 160 historic
drill holes) located in a historic coal mining district in
northern Hungary.
The Company also owns the Mecsek Hills Uranium Project in
southern Hungary which has an existing JORC Inferred
Resource of 17MT at 0.08% U3O8 for 30Mlbs of U3O8. The
current Exploration Target for the total project area is
90-120Mlbs of contained U3O8 with a grade range of
0.08-0.12%.
A Medium to Long term position should see some great
returns IMO.
Gaspew
Gapped up on open again today and just recently filledagain. I...
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